Pet e-commerce finds favour in China

As the annual spend on their dogs and cats increased 15% last year in China, venture capitalists like Lightspeed, K2VC and DCM have begun to boost their investment in pet e-commerce.

Pet e-commerce finds favour in China

As people spend more-and-more on their cats and dogs, investors have started to pay attention to the pet e-commerce industry.

Three pet e-commerce companies have raised money in the past seven days. Petkit, a wearable device manufacturer for dogs, raised $20 million in Series C funding from Qiming Venture Partners and GGV Capital pet product seller Chongjia got at least Rmb10 million $1.5 million from K2VC and Lightspeed China Partners for its angel...

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